I am planning to spend 20000 via Maex Mrcc as I will get 2000 points. So best way to load ?
Will I get a notice from IT if I load Rs 2.4 Lakhs to PayTM ?
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Amex MRCC gives handsome rewards on wallet load. Even if I just load the wallet for Rs 2.4 Lakhs, then even after paying 2.85% fees, I would be earning a lot from the 18K collection.
But is it okay to do so?
My income is much more than 2.4 L PA
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Apay icici cc gives1% cb on all spends.but ace don't give 2% on all spends
, and it has cap too
Like Utility bill payments unlimited 2% cashback.
@abhishek012 Paaji, out of the millions of tricks that you share, any of them that works for Amex card ? Like loading a wallet upi or a wallet prepaid card with Amex at near zero charges ?
Why don't you buy Amazon Pay vouchers which can be used for almost any spends? Use rewards multiplier and you should reach 25k in 9 months spending only 1.8l. (Rewards multiplier fulfillment will be 4 months).
For sure, your offline payment options will be limited, but you will be saving more than 5k
Amazon Pay is not useful for me
Where do I use Amazon Pay?
On Uber? I lose money as I can get discounted uber gift vouchers from somewhere else or trade
Mobile Recharge? Again I lose money.
I don't shop a lot on Amazon. Plus I would be redeeming my MR points for Amazon Voucher. I have no use of abou 2.4 Lakhs of Amazon Voucher or even 1.5 L to meet the annual fee reversal
Haan bas ab IT ko koi aur kaam toh hai nahin
2.4 Lakh load hone ka wait kar rahe hain woh Wallet mein
Short answer: No you wont.
No you will not get notice from IT on wallet load. Also paytm will charge some 4% charges if you keep doing monthly wallet load using CC
Paytm wallet limit is 1lakh/2lakh monthly.
by the way use Mobikwik full kyc wallet, mobikwik will also offer you 1% upto 100 cashback per load money transaction, i think lower charges compare with Paytm.
Coupon code - "century" (coupon unlimited times working).
Mobikwik full kyc wallet - free bank transfer.
Sorry, I meant 2.4 L per annum as I am trying to take max benefit of MRCC that gives 1000 points on 20K spend per month as well
Paytm wallet limit is 1lakh/2lakh monthly.
by the way use Mobikwik full kyc wallet, mobikwik will also offer you 1% upto 100 cashback per load money transaction, i think lower charges compare with Paytm.
Coupon code - "century" (coupon unlimited times working).
Mobikwik full kyc wallet - free bank transfer.